Unlocking Leverage on Base
The Index Coop Leverage Suite is live on Base.
September 11, 2024
We’re thrilled to announce The Index Coop Leverage Suite is now live on Base, an Ethereum Layer 2 network incubated by Coinbase. Following our successful launch on Arbitrum, this marks another major step in our mission to simplify access to DeFi.
Why Base?
Base is the fastest growing Ethereum Layer 2, backed by Coinbase and focused on delivering an excellent user experience for both developers and consumers.
The rapidly growing liquidity for important assets such as stablecoins and ETH is a great fit for our leverage tokens. By bringing the Index Coop Leverage Suite to Base, we’re tapping into its thriving ecosystem, which enables lower transaction costs and faster execution.
Leverage offerings on Base are still nascent, and the introduction of the Leverage Suite provides users with a new way to access leverage strategies from the comfort of their preferred chain.
What is the Leverage Suite?
The Leverage Suite is a set of powerful, easy-to-use tools for traders seeking efficient exposure to leverage without the complexities of traditional trading platforms. Through a fully onchain system, users can access a variety of ETH and BTC leverage strategies while benefiting from built-in liquidation protection, lower, more predictable fees, and a simplified interface.
This release introduces our ETH2x and ETH3x products on Base, all powered by Aave V3. With these tokens, you can amplify your market exposure to ETH while keeping safety and simplicity at the forefront.
Key Benefits of the Leverage Suite on Base:
- Streamlined Access: Access leverage with just a few clicks—no more complex trading platforms.
- Lower Fees: Built on Aave V3, the Leverage Suite can offer significantly reduced fees compared to perps. Check out this Funding Rates vs Cost of Carry breakdown for a sense of the scale.
- Built-in Protection: Stay secure with built-in liquidation protection to help you navigate market volatility.
The Index Coop Leverage Suite is designed for all types of users—from those who are curious but cautious about leverage to seasoned traders looking to reduce costs and improve their trading efficiency. No matter your experience level, our goal is to help you master the markets with tools that are both powerful and easy to use.
Get Started Today
Explore the Leverage Suite on Base and discover how Index Coop is redefining onchain trading for the modern DeFi user.
Disclaimer: This content is for informational purposes only and is not legal, tax, investment, financial, or other advice. You should not take, or refrain from taking, any action based on any information contained herein, or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. This information is not intended to be comprehensive or address all aspects of Index or its products. There is additional documentation on Index’s website about the functioning of Index Coop, and its ecosystem and community.
You shall not purchase or otherwise acquire our restricted token products if you are: a citizen, resident (tax or otherwise), and/or green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (defined as a U.S. person), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”). The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized).